Loan Against Property/ Mortgage Loan Documents Required

Documents required for Loan Against Property: A mortgage loan or a loan against property (LAP) is a secured type of loan provided by Banks, NBFCs and other lender against a collateral security or mortgage of a property. The security or property offered as collateral can be a ready self-occupied, rented or vacant residential property or a commercial property or an industrial property or a residential or commercial plot.

Despite of a LAP loan being a completely secured loan, a Bank or NBFC verifies a loan applicant’s income documents along with the KYC documents before processing and sanctioning of the loan.

Loan Against Property Documents Required: The documentation required for processing and sanctioning of a LAP loan application are standard and uniform across banks and NBFCs, but it may vary from with different lenders on the basis of following factors:

Profile: Documentation required for a loan against property or mortgage loan application varies on the basis of credit and risk profile of the loan applicant/s.

Complexity of the LAP documentation changes basis of the type of organization a self-employed individual is having like proprietorship/partnership firm, Private limited company, public limited company or LLP

Loan amount required

Repayment track on existing Loans and Cards

Type of property offered as collateral security/Mortgage

Tenure of loan

Age of loan applicants

Structure of the loan

List of Documents Required for Loan Against Property

Banks require 3 type of documents to process your Loan Against Property proposal which includes banks internal documents, KYC documents and Financial documents of the applicants and Co-applicants.

Loan Against Property Internal Documentation of Bank/NBFCs

Loan Against Property Application Form

A completely filled and duly signed loan application form with self-attested photographs of all the loan applicants and co-applicants.

Bank Statements Verification Form

Some of the NBFC and Banks take a signature of all the loan applicants and co-applicants on Bank statement verification forms to verify your signature and bank statements as required.

Declarations & Other Formats

Some of the lenders may ask you to sign some of the specifically designed formats and declarations basis of your profile and other documentations. This is often required to verify your KYC and Financial statements.

KYC Documents Required for Loan Against Property

Below mentioned KYC documents required for salaried individuals as well as self-employed business owners and Individuals:

Copy of all the above documents required with self- attestation of the loan applicant/s. As per RBI guidelines for KYC an official of the lender will verify the documents with its original set and will sign it as original seen and verified.

Please Note: All the above documents must be provided with self-attestation on it.

Property Documents Required for Loan Against Property

Property documents required to process a Loan against property application varies from state to state of the country and also depends on the development authority of the property. Below is a list of standard set of property documents applicable across different cities or states of India. The documents may vary on the basis of development authorities/ society/ privately held/ independently developed. It also varies for resale or new properties:

List of Property documents required to process a Loan Against Property